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Originally posted by lpowell0627
For all of you "Obama inherited the problem" justifiers, here's something to ponder:
If (heaven forbid) your parent or spouse passes away and you are left to handle the estate, are YOU not required to PAY OFF ALL DEBT and TAXES first, before collecting what's LEFT?
Did he inherit it, yes. But at least it took Bush 8 years. It's taken Obama 120 DAYS to double it.
The timeframe more than the amount should scare the pants off of everybody.
Originally posted by SaturnFX
not saying we should become uber socialist...but perhaps 1 tech field for 5 years government owned, not interfering with any prebuilt business, etc...but lets say for the next 5 years, the US gov puts out...oh...a VR system...holographic entertainment system (HES). and uses the money for debt...sells for about 2k a pop...we would be debt free within a few years, get a surplus, and have a new booming economy (software companys would bank with a new tech like that, universities charging for live stream which would be a fraction of the cost of the university but allow for millions more to "attend" classes, etc).
once the 5 is up, have a royalty fee going to the government for each system sold...
there is no nat. sec. threat to release holographic tech, it would become one of the most powerful sedatives for the population, and create supereconomys (ok, the moniter/tv manufacturers may suffer, but it would create way more jobs than it would eliminate...not to mention that those industries would end up simply changing to create a better "chamber" anyhow)
anyhow, just a thought...not a big socialism fan, but I see the need for a bit of it here and there to become stable.
Originally posted by Chemley
Holy crap! That looks serious but I would like to see more "proof" as it were. I mean, how are they doing the various calculations. Although, I have seen debt numbers ranging from 3 - 99 trillion sssooooo... I am not sure "proof" really matters any more. At some point you just kind of throw up your hands and walk away